In the latest financial report, Peapack-Gladstone Financial Corp. revealed a robust performance in the third quarter.
Q3 Net Income:
The company reported a net income of $7.6 million, with earnings reaching 43 cents per share.
Revenue:
While the total revenue stood at $102.1 million, the revenue net of interest expense fell short of expectations at $56.6 million. This update was made possible by Automated Insights in collaboration with data from Zacks Investment Research. Despite the revenue miss, the company remains optimistic about future growth prospects.